2016 Feb, 2nd COE Bidding Exercise

[Kia7200]

And all these come at the right time

 

Extra coe quota and recession, it May the quota increase some more

 

I don't believe at this timing got so many ppl dare to buy car and I'm more curious how's the sales for those used toyota altis which dep $14k per yr

[Imac]

Even if Subaru can sell 300 CAT B cars....price is over 6 to 8 bids.

 

Assuming each bid got average of 1207 available Cat B COE; then 8 bids = 9656 COEs. Over the next 4 months, will there be that many Cat B car buyers across all brands, especially with the economic downturn already in progress ?

 

And the above numbers are excluding Cat E !

 

From office lunch talk...

 

Most of my friends originally getting CAT A car are now considering CAT B. They are going to self bids for PI Toyota Harrier.

 

CAT B will sure go up for next few bidding.

[Ahpan]

My colleagues are all discussing to change car when COE drop. Wouldn't it make it more demand and thus higher price?

 

Same here, my colleagues all stand by to change new car when COE drop. 

 

Soon or later when the price reach a certain point, I believe it will U-turn and people will start to buy and chase after the price.

So I believe if the price is attractive to you and within your budget can consider to buy rather than to buy when people rush to buy. 

 

Although being say that supply is more now but don't forget most of everyone is holding their money to enter anytime when price is right.

Demand can be over supply when the COE price reach a certain attractive mark. 

This thread just started today but looking at how actively discussed by so many bros can tell many waiting to buy new cars. hahaha...

 

yalor yalor, your nick tells it all. 

[youpapalite]

My personal opinion: The group of people that will benefit is those whose COE expires around Q3-Q4 2017. 

Many of my friends and relative whose cars were bought on 2007/2008 are waiting by the side for the COE to dip slightly to enter. 05 and 06 buyers are also going to enter this year. 05 (cause many renewed their COE to wait for prices to drop. Now they can scrap and get back some $$) 

So 05,06,07 and even 08 buyers are looking to jump in this year. When all jump in, 2017 will be quieter. 

Just my opinion. My ride is ending April 2016. Will probably go car-less until i feel comfortable with my finances. Grabcar/Uber will tide me through. 

[Silklee]

From office lunch talk...

 

Most of my friends originally getting CAT A car are now considering CAT B. They are going to self bids for PI Toyota Harrier.

 

CAT B will sure go up for next few bidding.

Only if your friends are somehow a statistically good representation of a cross section of potential car buyers, or the group of friends you refer to is in the hundreds or thousands. Edited February 12, 2016 by Silklee

[Silklee]

Same here, my colleagues all stand by to change new car when COE drop.

 

Soon or later when the price reach a certain point, I believe it will U-turn and people will start to buy and chase after the price.

So I believe if the price is attractive to you and within your budget can consider to buy rather than to buy when people rush to buy.

 

Although being say that supply is more now but don't forget most of everyone is holding their money to enter anytime when price is right.

Demand can be over supply when the COE price reach a certain attractive mark.

 

 

yalor yalor, your nick tells it all.

That's assuming the fundamental circumstances has not changed from the time they said they will change car when coe price drop till now.

[AthlicSky]

every week they will have new orders. 

 

as I was looking at FXT for few months and joined some FXT group chats, i noticed they fulfilled their delivery very fast, mostly in a month's time. 

 

dont worry it will trend lower, just a matter of how long it'll take

Even if Subaru can sell 300 CAT B cars....price is over 6 to 8 bids.

 

Assuming each bid got average of 1207 available Cat B COE; then 8 bids = 9656 COEs. Over the next 4 months, will there be that many Cat B car buyers across all brands, especially with the economic downturn already in progress ?

 

And the above numbers are excluding Cat E !
 

 

dont forget those that benefit during 2008-2009 when quota was actually reducing, but COE dropped due to GFC, are also aiming to get in if COE falls. 

 

need to ask Mr Li, what is the min COE he would be expecting for these 2 years when there's a bumper crop. maybe can get a hint there. 

My personal opinion: The group of people that will benefit is those whose COE expires around Q3-Q4 2017. 

Many of my friends and relative whose cars were bought on 2007/2008 are waiting by the side for the COE to dip slightly to enter. 05 and 06 buyers are also going to enter this year. 05 (cause many renewed their COE to wait for prices to drop. Now they can scrap and get back some $$) 

So 05,06,07 and even 08 buyers are looking to jump in this year. When all jump in, 2017 will be quieter. 

Just my opinion. My ride is ending April 2016. Will probably go car-less until i feel comfortable with my finances. Grabcar/Uber will tide me through. 

 

[Kazuya]

Cat A: 41,000

Cat B: 42,000

 

Cat A will drop but not significantly (>8k) as demand was still high last round. Prices will soften this round further because after carshow and a sudden sharpfall in Cat B shifted the demand from Cat A to B.

 

Cat B of course will rebound slightly.

 

Same sentiments, COE should continue to slide in the mid term till 2017 due to uncertain economic outlook and higher supply of COE's in every category. If can wait please wait....

[Chrispie]

see her past posts even better.

 

Prediction changes after every bidding. That time say enter market at 30k, now 10k.

better still. Get her to join in the Subaru challenge.

 

Free COE included now. Just need to tahan 4 days.

[_h_r_]

The COE supply drought will be in 2019, 3 years from now. By then, COE prices will easily skyrocket beyond $100K. COE prices will surge way before 2019 in anticipation of the drought. If you are comfortable with the price now, better go in now than later as the COE surge will be inevitable.

 

The worst is when your COE is expiring, and COE prices are high. You would have no choice but to buy a new car with high COE, or a used car with ridiculous depreciation that is higher than a new car.

 

Edited February 13, 2016 by _h_r_

[Eaton]

haiyo, u ownself also say noone can know for sure what happen in the future... even experts also cannot say for sure what will happen in future.. they say say will go back since months ago... when drop to 40k, they also say will go back 50k level.. then drop to 30k, also say same thing... so why believe?? just believe what u see instead... those data, stats, figures... rather than believing what other people say.. believe in urself..

 

 

ya, i also believe that $1 is not possible( but username LOO says $1)... lol.. but $20k next round is possible..

If ready 20k for cat b . Then a lot of good car will be selling below 100k . Mazda 6 , harrier etc Edited February 13, 2016 by Eaton

[Runforyourlife]

My personal opinion: The group of people that will benefit is those whose COE expires around Q3-Q4 2017.

 

Many of my friends and relative whose cars were bought on 2007/2008 are waiting by the side for the COE to dip slightly to enter. 05 and 06 buyers are also going to enter this year. 05 (cause many renewed their COE to wait for prices to drop. Now they can scrap and get back some $$)

 

So 05,06,07 and even 08 buyers are looking to jump in this year. When all jump in, 2017 will be quieter.

 

Just my opinion. My ride is ending April 2016. Will probably go car-less until i feel comfortable with my finances. Grabcar/Uber will tide me through.

This is assuming 0 new entrants into the market?

[youpapalite]

This is assuming 0 new entrants into the market?

Totally forgotten about new buyers lol. It will fall but not as it was intended as many "jump queue". So those that wait out may benefit.

[flashbang]

Totally forgotten about new buyers lol. It will fall but not as it was intended as many "jump queue". So those that wait out may benefit.

 

There are new buyers, but have to deduct the old buyers as well.

[Axela72]

Totally forgotten about new buyers lol. It will fall but not as it was intended as many "jump queue". So those that wait out may benefit.

Nowsaday, those strawberry generation earning higher salary from fresh grad vs 10 yrs ago fresh grad. Many only know how to enjoy themeselves 1st. Wonder will they care about saving 1st if there is a coming economics crisis

 

e.g. a fresh grad with 2 yrs experience get 3k/mth 10 yrs ago. Now a fresh grad with similar experience easily getting 4k/mth

Edited February 13, 2016 by Axela72

[Baal]

If that is the trend , LTA will become the laughing stock for implementing the 130bhp Cat A cap , and had kept insisting that it worked .

 

And most likely , Cat A COE will end up merging with Cat B into one category .

 

That's what I am hoping for, a merger, since its 130hp system.

 

Merge & we stop seeing these sg special editions, where tranny & powerplant is concerned.  These should come to sg, as is, as available.  E.g., Altis 1.8, Elantra 1.8.

[SSky]

Cat A $41402

[youpapalite]

Nowsaday, those strawberry generation earning higher salary from fresh grad vs 10 yrs ago fresh grad. Many only know how to enjoy themeselves 1st. Wonder will they care about saving 1st if there is a coming economics crisis

Like u said, strawberry generation. When trouble hits = find daddy and mummy. So no problem. Buy first think later. Hahaha